The rise in SP/Volume in January was purely a function of the HYPE many here were attributing to the TFSA. Knowing that some (many as it turned out) would be buying up to $5000.00 wirth of NOT and others having done so, the Slick Group bought for this New Tax Sheltered Account at $0.70 - $0.80 or better. Then the SP virtually doubled! What a shocking surprise????
How many borrowed $5000.00 from their Broker/Bank PLC, bought for their TFSA early and then helped push the SP to ~ double to get the TAX FREE cash back so as to cover the Borrowed money used to start up their TFSA?
Since January there has been no known other need to have the SP remain UP. Consequently down it came again. The RJ selling was also very likely more work by some to ensure the Seller did not get too much for their Forced Sell Shares. Or is it that they ensured they would get a very Good Buy price while picking up the Forced Sell Shares offered up via RJ? Either which way, What will the SP do now? What will be used as a catalist to see increased SP action along with increased Volume?
Assay Results following the appointment of a new CEO? Or will it require time for the new CEO to get a handle on doing his/her new Job? The Timing of the New CEO and subsequent Assay Results News will be telling of the Independance of thie New CEO.
And how much effort will there be in trying to Time the CEO/Assay Results with very noticable Credit Market/Economic Activity IMPROVEMENT?
Old Joe
PS: Just read d12's version of rationalization and am wondering why I should Post on it. For now suffice it to say: "We ALL know how to think?" To have someone intimate (via their frequent Post Style - NO INSULT INTENDED, just an OBSERVATION, Nothing more) Collective Common Perspective is a technique of those seeking to be persuasive and/or looking to set the agenda and/or direct History. I know how to THINK Independently (as opposed to the: "We all know....) and I DO! Thus, I will not argue with the d12 post but see almost everything much differently. No collective Re-writing of factual History here. Nor my understand at each point in Time of significant events and interpretation of various matters of significane.
However, When the chips are down, very likely many here will agree on a RELATIVELY Common Response and something of a Collective ACTION. Just that in the Future we can and Will be prepared IN ADVANCE to act swiftly. And for that I THANK the Dissadents and OUR Board of Directors!